Family CFO Inc Grows Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Family CFO Inc lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 69.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,507 shares of the iPhone maker’s stock after purchasing an additional 617 shares during the period. Apple accounts for approximately 0.2% of Family CFO Inc’s portfolio, making the stock its 26th largest position. Family CFO Inc’s holdings in Apple were worth $377,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AAPL. Drystone LLC bought a new stake in shares of Apple during the 4th quarter valued at about $25,000. Bull Oak Capital LLC lifted its holdings in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the period. Life Planning Partners Inc bought a new stake in Apple during the 4th quarter valued at approximately $47,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple during the 3rd quarter worth approximately $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in shares of Apple in the 3rd quarter worth approximately $77,000. 67.73% of the stock is owned by institutional investors.

Apple Stock Performance

AAPL stock opened at $196.79 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The company has a market cap of $2.96 trillion, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The stock’s fifty day moving average price is $219.65 and its 200-day moving average price is $230.10. Apple Inc. has a 1 year low of $164.77 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is 15.87%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Apple from $270.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Maxim Group increased their price target on shares of Apple to $215.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a research note on Tuesday, January 21st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $263.00 target price on shares of Apple in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.85.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 35,493 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the sale, the chief operating officer now owns 390,059 shares of the company’s stock, valued at $87,377,116.59. This represents a 8.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the transaction, the senior vice president now owns 179,158 shares of the company’s stock, valued at approximately $40,072,269.86. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 182,451 shares of company stock valued at $40,818,720 in the last three months. 0.06% of the stock is currently owned by corporate insiders.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.